The date annuitization must commence.
The date when your annuity income payments begin. Date appears on the contract and can be changed, with limitations, prior to the date.
Simply stated, it's the date your plan matures, or the date on which your annuity or maturity benefit applies for investment plans offered through life insurance companies.
The date when income payments begin. (It appears in your contract.) You may be able to change this date, with limitations, before you reach it.
The date when your annuity income payments begin. You may be able to change this date, with limitations, before you reach the annuity or maturity date.